Why does Aug Crudeoil futures MCX require almost 1 lakh extra margin(3.5lacs) compared to other brokers (zerodha needs 2.5lacs for 1 qty)
Note: The additional margin rule is applicable only 5 days before expiry in tender period.
Hi Omkar,
The upfront margin requirement for crude oil august future was 3.5 lakh per lot as per the exchange calculations and its applicable for all the brokers , as per FYERS RMS policy we charge additional margin of 10 percent for FNO segment. upfront margin calculation for the mentioned contract as follows
Span=2,08,000
Additional margin=69,333
Tender Margin=34,666
Elm Margin= 8,666
Total=3,20,665.66
3,20,665*1.1=3,52,731.5